Brokerages Expect Aecom (ACM) to Post $0.60 EPS

Equities analysts expect Aecom (NYSE:ACM) to post earnings per share (EPS) of $0.60 for the current quarter, Zacks reports. Four analysts have made estimates for Aecom’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.73. Aecom posted earnings per share of $0.87 in the same quarter last year, which would indicate a negative year over year growth rate of 31%. The firm is scheduled to announce its next earnings report on Tuesday, May 9th.

On average, analysts expect that Aecom will report full-year earnings of $2.96 per share for the current year, with EPS estimates ranging from $2.95 to $2.97. For the next fiscal year, analysts forecast that the company will report earnings of $3.13 per share, with EPS estimates ranging from $2.87 to $3.28. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Aecom.

Aecom (NYSE:ACM) last issued its earnings results on Tuesday, February 7th. The construction company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Aecom had a return on equity of 12.28% and a net margin of 0.94%. The business earned $4.36 billion during the quarter, compared to analyst estimates of $4.23 billion. During the same period in the previous year, the company posted $0.68 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year.

Several brokerages recently weighed in on ACM. Zacks Investment Research downgraded shares of Aecom from a “buy” rating to a “hold” rating in a research report on Friday. Robert W. Baird downgraded shares of Aecom from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $45.00 to $40.00 in a research report on Friday, April 7th. DA Davidson reissued a “neutral” rating on shares of Aecom in a research report on Wednesday, February 8th. Deutsche Bank AG cut shares of Aecom from a “buy” rating to a “hold” rating and dropped their target price for the stock from $42.00 to $41.00 in a report on Thursday, January 12th. Finally, TheStreet cut shares of Aecom from a “b-” rating to a “c+” rating in a report on Monday, January 30th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $41.25.

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Shares of Aecom (NYSE:ACM) traded down 0.15% during mid-day trading on Tuesday, reaching $33.41. The company had a trading volume of 928,894 shares. Aecom has a 12-month low of $26.46 and a 12-month high of $40.72. The company has a market capitalization of $5.19 billion, a P/E ratio of 32.00 and a beta of 1.90. The firm has a 50-day moving average of $34.89 and a 200-day moving average of $34.78.

In other news, CEO Michael S. Burke sold 30,000 shares of Aecom stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $39.00, for a total transaction of $1,170,000.00. Following the transaction, the chief executive officer now owns 184,362 shares in the company, valued at approximately $7,190,118. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Troy Rudd sold 8,976 shares of Aecom stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $39.00, for a total transaction of $350,064.00. Following the transaction, the chief financial officer now owns 11,221 shares in the company, valued at approximately $437,619. The disclosure for this sale can be found here. Insiders sold 48,575 shares of company stock worth $1,852,189 in the last 90 days. 1.14% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of Aecom during the fourth quarter valued at $43,483,000. Greenhaven Associates Inc. boosted its position in shares of Aecom by 24.6% in the third quarter. Greenhaven Associates Inc. now owns 1,879,907 shares of the construction company’s stock valued at $55,890,000 after buying an additional 370,992 shares in the last quarter. Cipher Capital LP boosted its position in shares of Aecom by 104.7% in the fourth quarter. Cipher Capital LP now owns 77,664 shares of the construction company’s stock valued at $2,824,000 after buying an additional 39,726 shares in the last quarter. Luminus Management LLC acquired a new position in shares of Aecom during the fourth quarter valued at $35,939,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Aecom by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,792 shares of the construction company’s stock valued at $829,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 84.21% of the company’s stock.

About Aecom

AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.

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